Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

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Balance Sheets (USD $)
Mar. 31, 2012
Dec. 31, 2011
Assets    
Cash $ 209,055 $ 201,745
Certificates of deposit 205,142 205,083
Accounts receivable, related party 26,250 26,250
Prepaid expenses and other assets 474 1,849
Deferred tax asset 2,211 1,441
Total assets 443,132 436,368
Liabilities    
Indebtedness to related parties 700 400
Accrued liabilities 4,700 10,600
Accrued income taxes 1,379 1,805
Total liabilities 6,779 12,805
Shareholders' equity    
Preferred stock, $.10 par value; 1,000,000 shares authorized, -0- shares issued and outstanding for 2011 and 2010 0 0
Common stock, $.001 par value; 50,000,000 shares authorized, 9,106,250 shares issued and outstanding 2011 and 2010 9,106 9,106
Additional paid-in-capital 366,659 366,659
Retained earnings 60,588 47,798
Total shareholders' equity 436,353 423,563
Total liabilities and shareholders' equity $ 443,132 $ 436,368